A Different Look at Recent Breadth Divergences
Instead of looking at absolute breadth (advancers minus decliners) data, let’s smooth out that data with moving averages and take a look at the ‘bigger picture’ of recent breadth developments.
The Profit Magic of Recent Mondays
Over the weekend, I read an article at Phil’s Stock World written by Trader Mark entitled, “What the Heck is Going on with Mondays Lately? Always Up!” I initially had skepticism after reading about the recent tendency for Monday’s to be big up days, but after today’s action, I’m giving it a second look.
One of the Best Intraday SPY Rounded Reversal Examples
Friday’s action gave us one of the best examples of the ‘Rounded Reversal’ Day Structural developments. Let’s take a quick look at both the intraday SPY 5-min and 1-min chart and use this day as an educational reference of this concept.
Will Current Repeating SPX Cycle Predict Future?
I wanted to point out a clean idiosyncrasy in the current S&P 500 chart of the last three months – almost with awe.
This cycle has held up so far, and it’s allowed me to call successful predictions recently upon recognizing it earlier.
If the cycle repeats, then you have a clear roadmap to the near future. Let’s see it and watch as to whether or not the cycle repeats into the end of November.
Dell Weekly Chart Shows Confluence Resistance and Support
With Dell’s earnings disappointment this morning, let’s pull the perspective back to the weekly timeframe to put this drop into perspective, and then look at a confluence resistance zone overhead… as well as a confluence support zone underneath. Which will hold?
NewsFlashr Business Blog Editor’s Picks for Nov 17
In a special update from Las Vegas, let’s look at this week’s “Editor’s Picks” from the NewsFlashr Business Blog site: 1. An excellent bookmark and reference page from Darwin’s Finance: A List of Every ETF Known to Man 2. John Forman of the Essentials of Trading addresses a reader question on “Market Makers and the…
Join Corey for Free Live Webinar on Momentum and TICK Thursday Nov 19
Great news! If you are unable to attend the Las Vegas Traders’ Expo, the staff at MoneyShow.com will be recording my presentation (along with many other free presentations from the Expo) and you will be able to view my presentation live … for free! No travel cost, no hotel cost, and no registration costs! On…
Great SPY Intraday Rounded Reversal and TICK Divergence Nov 17
November 17th’s intraday SPY (and other Index ETF and futures) action gave us an excellent example of the “Rounded Reversal” structure along with a positive TICK and multi-swing positive momentum divergence marking the absolute low of the day and forecasting an intraday price reversal. Sound complex? Let’s look at it step-by-step.November 17th’s intraday SPY (and other Index ETF and futures) action gave us an excellent example of the “Rounded Reversal” structure along with a positive TICK and multi-swing positive momentum divergence marking the absolute low of the day and forecasting an intraday price reversal. Sound complex? Let’s look at it step-by-step.
Triple Measured Moves in SPY Show Market Character
Something interesting might be happening in the SPY chart, particularly with regard to the three most recent swing-ups in price – they have all been exactly equal in price moves (so far).
Let’s look at these three symmetrical swings – called “Measured Moves,” – and note the current level and how an exceeding of this level could hint at a shift in market “Character.”
Supporting the Disciplined Investor Podcast Series
If you’re a big fan of Podcasts and enjoy financial commentary, you’ll likely enjoy the Disciplined Investor weekly podcast series, hosted by Andrew Horowitz. Andrew is a colleague and good friend of mine and he has been a strong supporter of me and my blog, and I wanted to return part of that favor by…